No soft landing

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ANGRY investors in iSoft, who have seen the shares lose nine tenths of their value, can take comfort that the management does not appear to have seen the company’s woes on that NHS contract coming.

I have written how John Weston, the former BAE boss who is chairman, dropped a third of a million quid on share purchases.

Close examination of the accounts suggests that Tim Whiston, the departed chief executive, has done even worse. The numbers are complex and not entirely clear, but it appears to have cost him several million.